TClarke (LSE:CTO) ROCE % : 11.37% (As of Dec. 2023)

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What is TClarke ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. TClarke's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.37%.

TClarke ROCE % Historical Data

The historical data trend for TClarke's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TClarke ROCE % Chart

TClarke Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.22

4.02

16.91

20.32

14.25

TClarke Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															24.95	21.47	18.61	19.00	11.37

TClarke ROCE % Calculation

TClarke's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	9.5	/	( ( (181.3 - 121.5)	+	(219.4 - 145.9) )	/ 2 )
	=	9.5	/	( (59.8	+	73.5)	/ 2 )
	=	9.5	/	66.65
	=	14.25 %

TClarke's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	7.6	/	( ( (178.4 - 118.2)	+	(219.4 - 145.9) )	/ 2 )
	=	7.6	/	( ( 60.2	+	73.5 )	/ 2 )
	=	7.6	/	66.85
	=	11.37 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

TClarke (LSE:CTO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

TClarke ROCE % Related Terms

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TClarke (LSE:CTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TClarke PLC (LSE:CTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTOl:UK CTO.GB:UK

Address

30 St Mary Axe, London, GBR, EC3A 8BF

Website

https://www.tclarke.co.uk

TClarke PLC is a United Kingdom-based company that acts as a building service contractor. It delivers a range of electrical, mechanical, and information and communications technology (ICT) services to the construction industry and end-users. It specializes in the following field: Infrastructure, Residential and Hotels, Facilities Management, Engineering Services, and Technologies. The majority of its revenue comes from Engineering Services. Its group is organized geographically into three regional divisions: London, UK South, and UK North.